Well-known member

2) Perhaps they are "contracted" bonuses - much like my previous public sector contract, contracts can be torn up at will but only apparently for the public sector direct employee

3) What is the incentive to do an efficient job and give us value for money (much touted about regarding public sector services)? They are literally being rewarded for bad, unaccountable work that will cost multiples of the bonus to fix. The contracts for this badly performed work is being honoured.

Well-known member

If these are for 2008 I wouldn't like it but could see how had to be paid. If post bank guarantee there is no justification. All bank contracts before the guarantee should have been reviewed by now. Average 15K+ is sizable bonus for over 10% of the entire staff.

Well-known member

I have a feeling every last cent of this 40 million will come from recapitalisation or else be borrowed from the IMF which the taxpayer will have to pay back with interest.

Once more a case of the banks raping the taxpayer.

But of course when you have a system of financial regulation where no-one ever goes to jail, episodes like this will happen week in week out.

A recent report into Irish Bank bonuses also said that bonuses were still being linked to risk taking in Irish banks. Looks like the same cycle is starting again, and the banking execs learned nothing.